Fear of finance: Financial stability is a growing concern of central banks

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Financial stability is a growing concern of central banks. Only some should be worried

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Fear of finance

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Central banks

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Fear of finance

CENTRAL bankers have gathered at their annual shindig in Jackson Hole, Wyoming, for the past ten years with only one thing on their minds: the health of the global economy. This year’s gathering is different. The bankers’ preoccupations are changing, from recovery to financial stability.
Oddly, rising concern about the risks of financial excess is good news. It reflects the arrival of the first synchronised global economic upswing since 2010. GDP growth in the quarter ending in June was the most rapid since then, according to JPMorgan Chase, thanks to stronger-than-expected activity in China, Japan and Europe …

Link to article: www.economist.com/news/leaders/21727066-chinas-central-bank-has-more-cause-worry-fed-or-ecb-financial-stability?fsrc=rss

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